Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold.
August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data.
Source: Marketwatch

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal.
August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session.
Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday.
For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions.
Source : Marketwatch

U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump.
The Dow Jones Industrial Average rose 554.98 points, or 2.11%, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65%, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91%, to 9,703.54 at the opening bell.
Source : Reuters

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery.
The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session just below it. All three major U.S. stock indexes advanced two percent or more.
Unofficially, the Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58...

Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic.
The Dow Jones Industrial Average jumped 1,030 points, or 3.9%. The S&P 500 traded 3.1% higher. The Nasdaq Composite advanced 2.2%. The Nasdaq-100, which tracks the 100-largest nonfinancial companies in the composite, rose 2% to a record high.
Friday™s rally put the S&P 500 down just 0.7% for 2020. At one point this year, the...

The dollar drifted lower on Tuesday as investor appetite for higher risk currencies found support on a report of German stimulus plans, diminishing chances of a no-deal Brexit and hopes of a breakthrough in the Sino-U.S. trade war.

The mood lifted the Australian dollar to a six-week high of $0.6875 and the pound also hit a six-week high of $1.2385 as a British law blocking a no-deal exit from the European Union came into force.

The safe-haven yen touched a five-week low of 107.46 per dollar as risk appetite rose. Moves were modest in early Asian trade, however, with traders broadly remaining on the sidelines ahead of a key European Central Bank meeting on Thursday, at which policymakers are expected to ease monetary policy.

The euro also rallied to as high as $1.0167 following a Reuters report that Germany may set up public investment agencies to boost fiscal stimulus without breaching national spending rules.

Sterling, meanwhile, barely shifted when Britain's parliament voted, as expected, to stymie Prime Minister Boris Johnson's bid for an early election, which prompted him to vow that he would secure a Brexit deal at an EU summit next month.

The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme.
The euro rose to $1.1380 against a wea...

The euro held big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two.
The euro's gains...

The dollar strengthened on Thursday, reversing its weakening trend of the past seven days, while the euro slipped ahead of a European Central Bank meeting at which policymakers could step up stimulus ...

The euro held near multi-month highs against rival majors Thursday on expectations the European Central Bank will expand its bond buying programme later in the day to shore up the coronavirus-stricken...

The euro topped $1.12 for the first time in 11 weeks, extending the shift in the currency market amid optimism over economic reopenings across the globe.
The euro traded at $1.1226 vs. $1.1168 on Mon...

Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate led to a rally in the stock market, dulling demand for haven gold.
August gold lost $44.40, or 2.6%, to settle at $1,683 an ounce. That was the lowest finish for a most-active contract since April 3. For the week, prices lost 3.9%, according to FactSet data.
Source: Marketwatch

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal.
August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving up all of its gains from the previous session.
Meanwhile, July silver lost 24 cents, or 1.3%, at $17.830 an ounce, after sinking 0.6% on Thursday.
For the week, gold is down 2.5%, while silver has lost 3.6% over the past five trading sessions.
Source : Marketwatch

U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump.
The Dow Jones Industrial Average rose 554.98 points, or 2.11%, at the open to 26,836.80. The S&P 500 opened higher by 51.49 points, or 1.65%, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91%, to 9,703.54 at the opening bell.
Source : Reuters

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery.
The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session just below it. All three major U.S. stock indexes advanced two percent or more.
Unofficially, the Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98, the S&P 500 gained 81.58...

Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic.
The Dow Jones Industrial Average jumped 1,030 points, or 3.9%. The S&P 500 traded 3.1% higher. The Nasdaq Composite advanced 2.2%. The Nasdaq-100, which tracks the 100-largest nonfinancial companies in the composite, rose 2% to a record high.
Friday™s rally put the S&P 500 down just 0.7% for 2020. At one point this year, the...